Arizona weekly enterprise., 1887-12-17
ARTICLES OF INCORPORATION
 - of the FLORENCE CANAL COMPANY.

FLORENCE CANAL COMPANY. We, D. s. Thomas, J. NJ Hurley, Charles 1 Hall, John Vaile, B. F. Garner, R. H. Mar tin, J. H. Wrampslmeir, T. J. .Wrampelmeir, ". R. Stone, W. J. Iinville, R. F. Sloan, i Thomas Davis, J. D. Rittenhouse and w. N. Craudan, desiring to incorporate ourselves un- 1 der the provisions of the laws of the Territory of Arizona, for the purpose of engaging in and transacting the lawful business pursuit and enterprse 9ersma1ter specified, do adopt these Articles of Incorporation and sign and &C., knowledge the same according to law, and de. clare
 That the name of the corporators are D. S. Thomas, J. M. Hurley, Charles Hall, John VMail,e B F. Garner, R; H. Martin, J. H. 1 Stone, w. J. Iinville, k. E. Sloan, Thomas | Davis, J. D. Rittenhouse and W. N. Gran. dall.
 | The name of the Corporation saall be the | FLORENCE CANAL COMPANY,
 and its principal place of transacting business shall be Florence, County of Pinal, Territory of Arizona.
 l The general nature of the business, pursuit, occupation and enterprise proposed to be 1 transacted and engaged in by said corporation | IS building, constructing and maintaining dams, canals, fumes, ditches, conduits, reser. voirs, gates, lateral ditches, aqueducts and l such other structures and appliances as may | be necessary convenient in damming, col | lecting, obstructitg, conducting and regulating | the flow of water, to appropriate and pur- | chase water and water rights dams, ditches, l canals. fumes, water ways franchises and all | water appliances, to sell water and the use
 thereof, water rights and privileges, to use l and furnish for use water for any agricultural, | mining, milling, mechanical, domestic or oth- | ar fn Ir-1o 1 purchase or in any other manner, lands and | real estate or interest therein, and all other | kinds of property, real, personal or mixed, | and hold, sell and convey the same; to loan
 money and borrow money and contract to re- pay the same at such time or times and with l such rate or rates of interest as it's Board of l Directors may see fit; to issue bonds and exe- l cute mortgages to secure any loans, or for any
 ot its indebtedness, upon any of its property 1 hereafter acquired, and to pledge and hy- pothecate any of it's property to pay any of it's | indebtedness or secure any loans. And to &C., quire by purchase from the Florence Canal
 and Land Company, organized March 9th,
 1886, and known aud designated and doing
 business since the 31st day of July, 1886, at | which time its Articles of Incorporation were
 amended as the the Florence Canal and Wa ter Company, all of its water rights, dams,
 ditches, gates, fumes, canals, water ways,
 franchises and all water privileges. and to ex-
 tend, enlarge and complete the same. III.
 The amount of the capital stock of this cor porauion shall be Five Hundred Thousand (500. .000) Dollars divided into Ten Thousand
 (1o,0OO) shares of Fifty (s5O) Dollars each, and
 the conditions upon which it is to be paid are
 as follows, to-wit:
 The whole thereof is to be paid immediately
 upon making the subscription therefor, and no
 subscription for such stock shall be allowed
 unless at the time of making the same the
 full amount therefor shall be paid in money or
 it's equivalent
 Shares of stock of the above mentioned
 Florence Canal and Water Company shall be
 deemed an equivalent, and shall be received by
 this Corporation as the payment for the stock
 thereof, at the rate and proportion of Two (2)
 Shares of the capital stock of the Florence Ca
 nal and Water Company for One (1) share of
 the Capital Stock of this corporation.
 The Stock of this Corporation, when issued
 upon the above conditions is non- -assessable, | and the words "non- assessable is to be printed
 or written upon same at time of issue. "
 The time of the commencement of this cor
 poration shall be the day of the filing of these
 Articles of Incorporation in the office of the
 Recorder of Pinal County, Arizona Territory,
 and the termination thereof shall be Fifty (50) years thereafter.
 The affairs of this Corporation shall be con. : ducted in accordance with its bylaws, by 8
 Board of Five (5 Directors to be elected an- nually by the stockholders on second (2nd) : Tuesady of October of each year. No one shall be eligible to the office of Director who is not 8 ! stock-holder of this corporation. VI. e The highest amount of liability or indebt-
 edness direct or contingent, to which this cor. poration is at any one time to be subject, shall 1 | no case exceed the sum of Three Hundred t Thousand (3OO, ,O00) Dollars. f VII.
 }, The private property of the members of thiI d corporation shall not be liable for the eorpo. t rate debts of this corporation. !. VIII e The Board of Directors shall have power tc e establish by laws and make all rules and reg 1T ulatioas deemed expedient for the manage Y ment of the affairs of this corporation, no
 inconsistent with the constitution and laws O
 the United States and the laws of this Terri e. tory.
 ! In Witness Whereof, we have hereunto SC our hands and seals, this 1st day of Septembe I A. D., 1887.
 D. s. THOMAS, ISeal 4 CHAS. HALL, Seal